Gold prices in Iraq edged lower, reflecting weaker demand and minor market adjustments. Both Baghdad and Erbil markets saw small declines in the price of 21-carat and 22-carat gold.
In Baghdad, gold prices in Iraq edged lower on Al-Nahr Street sold for 788,000 IQD per mithqal (five grams) for 21-carat gold, covering Gulf, Turkish, and European varieties. The buying price stood at 784,000 IQD. 21-carat Iraqi gold sold at a slightly lower rate, with sellers quoting 758,000 IQD per mithqal and buyers offering 754,000 IQD.
Jewelry stores in Baghdad listed 21-carat Gulf gold between 790,000 and 800,000 IQD per mithqal. Iraqi gold ranged from 760,000 to 770,000 IQD. Analysts said these small declines indicate normal daily adjustments in gold prices in Iraq rather than any significant market shift.
In Erbil, 22-carat gold sold for 833,000 IQD per mithqal. The 21-carat variety was priced at 795,000 IQD, while 18-carat gold reached 682,000 IQD. Local dealers said fluctuations in gold prices in Iraq remain tied to demand, import trends, and regional market movements.
Market watchers noted that global gold trends also influenced local prices. Investors often shift between gold and other assets depending on currency strength and international financial conditions. In Iraq, gold remains a popular asset for both saving and investment, especially amid economic uncertainty.
Small shifts in gold prices in Iraq are expected in the coming days. Traders continue to monitor global gold markets, U.S. dollar movements, and regional supply factors. Analysts recommend buyers and sellers follow daily updates to plan transactions effectively.
Overall, the market shows stability. Minor decreases in gold prices reflect ordinary adjustments rather than major demand changes. Baghdad and Erbil remain active trading hubs for investors, jewelers, and consumers alike.